Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

The remarks were made during a meeting with Cambodian Foreign Ministry Secretary of State Ouch Borith. "The ambassador told me that Canada still continues providing Generalized System of Preferences (GSP) to Cambodia,"Borith briefed reporters after the meeting, explaining that under the GSP scheme, Cambodian products exported to Canada are duty-free. "This is good news for Cambodia, especially for the garment sector,"he said, adding that the country exported products, mostly garments, in equivalent to 480 million US dollars to Canada last year.

According to Borith, Canada is committed to increasing ties and cooperation with Cambodia and will open a representative office in Phnom Penh soon before setting up an embassy residence in the future.

He said the two countries also planned to establish political consultations in order to boost bilateral relations and cooperation.

According to the Ministry of Commerce, Cambodia has received GSP from 31 countries, mostly European countries, the United States, China, Japan and South Korea.